FxWirePro: USD/THB hovers around key resistance at 33.22 mark, Thailand’s consumer confidence index data in focus

• USD/THB is currently trading around 33.21 marks.
   
• It made intraday high at 33.23 and low at 33.14 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 33.02 mark.
   
• On the top side, key resistances are seen at 33.22, 33.30, 33.48 and 33.78 marks respectively.
   
• Alternatively, a daily close below 33.01 will drag the parity down towards key supports around  32.90, 32.66 and 32.50 marks respectively.

• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Thailand will release consumer confidence index data at 0330 GMT.

We prefer to take long position in USD/THB around 33.18, stop loss at 33.00 and target of 33.48.